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Hungary: HUF 8 billion tax advantage scheme to support the aviation industry in the context of the Covid-19 pandemic

Description

On 7 July 2020, the European Commission approved a HUF 8 billion (USD 26 million) Hungarian scheme that provides several companies with exemptions from their social security obligations. It will suppo...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

07 Jul 2020

Revocation date

31 Dec 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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